Bootstrapping

CFA Level II Fixed Income
#1

IN the CFAI book it is mentioned for boot strapping:

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If they are zero coupon bonds than why do they have coupon payments of 0.059?

Thanks

#2

They’re not zero-coupon bonds. They’re coupon-paying bonds, paying the par rate. That’s why they’re priced at par.

Surely you recall this from Level I.

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